British mogul Nicholas van Hoogstraten has teamed up with Zimbabwe’s mines minister to change the board of the coal-mining Hwange Colliery Company.
The cash strapped Hwange Colliery Company has again delayed a decision to accept a cash injection from British tycoon Nicholas van Hoogstraten.
Property tycoon Nicholas van Hoogstraten is offering $50-million to bail out the Hwange colliery – a move which would give him the controlling stake.
The British business community may be under threat in Zimbabwe, but one billionaire is flaunting his growing influence.
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/ 29 January 2008
A Zimbabwe court on Tuesday ordered the release of a controversial British property tycoon who was arrested last week for breaching foreign-exchange laws and possessing pornography, his lawyer said. Van Hoogstraten was arrested last Thursday at his Harare home.
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/ 27 January 2008
The notorious property tycoon Nicholas van Hoogstraten has been arrested in Zimbabwe on charges of breaking the troubled country’s currency exchange laws and possessing pornography. Police detained Van Hoogstraten after a raid on his home last Thursday, charging him with collecting rent on his properties in foreign currency.